Retail Banking Competitor Tracker - August 2009

Published by: Datamonitor

Published: Sep. 17, 2009

Table of Contents

Overview

Catalyst

Summary

Methodology

Table of Contents

Introduction

This tracker provides both one-month and 12-month views of developments

Each month Datamonitor tracks the most relevant announcements from 100 competitors

Datamonitor's Retail Banking Team provides analysis of the key developments at both the one-month and 12-month level

A fully searchable database of the past 12 months of developments is also delivered alongside the report

Key trends and developments in August

Banks in Australia and New Zealand are slashing their fees and charges

Mergers in the UK and France shake up the mutual landscape

The RBS disposals program is gathering pace

Competitor activity increased in August from the levels seen in July

Product and service innovation stories continued to dominate the headlines in August

New products and M&A activity have driven the increase in news stories in August

Product, Services and Innovation

Abbey

UK: Abbey and Alliance & Leicester offer a savings deal with Santander's UK current accounts

UK: Abbey offers ""Money for Nothing"" prize draw on students account

Banco do Brasil

Brazil: Banco do Brasil plans to double credit to individuals

Bank of Ireland

Ireland: Bank of Ireland announces loan scheme for computing and engineering graduates

Bank of New Zealand

New Zealand: Bank of New Zealand waives off honor and dishonor fees on overdrawn accounts

BBVA

Spain: BBVA collaborates with UNALT to offer preferential financing to taxi drivers

Commonwealth Bank of Australia

Australia: Commonwealth Bank changes fee structures for personal and business transaction accounts

DBS Group

Singapore: DBS introduces xDDA service to simplify and expedite GIRO applications

HSBC

UK: HSBC offers two new mortgage deals

UK: first direct introduces offset tracker mortgage

NATIONAL AUSTRALIA BANK

Australia: NAB abolishes overdrawn fees on all personal transactions and savings accounts

Nationwide Building Society

UK: Nationwide announces price cut for select fixed and tracker rate mortgage deals

UK: Nationwide reduces personal loan rates

Punjab National Bank

India: PNB introduces festival season schemes for housing loans and car loans

State Bank of India

India: SBI introduces new home loan scheme

India: SBI offers two loan schemes

India: SBI introduces 'SBI My Home' campaign in Kerala

St.George Bank

Australia: St.George Bank reduces exception fees on retail and business accounts

Westpac Banking Group

Australia: Westpac reduces exception fees for credit cards, personal accounts and business accounts

M&A, Partnerships and Organic Growth

Agricultural Bank of China

China: China Life intends to buy stake in Agricultural Bank of China

Australia and New Zealand Banking Group Limited

Australia: ANZ announces the acquisition of selected RBS businesses in Asia

BBVA

US: BBVA Compass purchases the banking operations of Guaranty Bank

BNP Paribas

France: BNP Paribas acquires stake in Findomestic from Intesa Sanpaolo

Argentina: BNP Paribas divests its Argentina business to Banco Santander Río

Central Bank of India

India: Central Bank of India plans stake increase in housing finance business

Commerzbank

Switzerland: Commerzbank sells Dresdner Bank (Switzerland) to LGT

Groupe Banques Populaires

France: Banques Populaires and Caisses d'Epargne merge to form BPCE

HSBC

Indonesia: HSBC increases its share in Bank Ekonomi

ING Group

Netherlands: ING agrees to sell annuity and mortgage businesses in Chile

Millennium BCP

China: Millennium BCP partners with ICBC Macau

Punjab National Bank

India: PNB collaborates with Hindustan Machine Tool to provide loans to farmers

Santander

Poland: Santander and AIG agree to integrate their consumer finance businesses in Poland

The Co-operative Bank

UK: Britannia and Co-operative financial services (CFS) announce the completion of their merger

Royal Bank of Scotland

Pakistan: RBS signs share sale agreement with MCB Bank

Appendix

Methodology

Further reading

Ask the analyst

Datamonitor consulting

Disclaimer

List of Tables

Table 1: The 100 companies and subsidiaries covered by Datamonitor's Retail Banking Competitor Tracker

List of Figures

Figure 1: The number of M&A stories grew more rapidly than product innovation

Figure 2: New products and M&A activity dominated August's stories

Abstract

• Information on new product developments, mergers and acquisitions, distribution and partnerships.
• Insight on how the major retail banks are adapting to the ever changing economic climate.

• Provides invaluable information on your closest competitors' strategies all in one place.
• Keeps track of how the competitive landscape is changing through M&A activities, partnerships and organic growth.
• Detailed insight into new product developments within the retail banking.

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